Please find enclosed herewith the Outcome of Board Meeting held on May 29, 2026 regarding approval of re-appointment and remuneration of Ms. Swapna Shah (DIN: 08807901) as Non-Executive ....
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Tilaknagar Industries reported FY2025-26 consolidated revenue of Rs. 5,24,758 lakh (up 68% YoY) driven by the Imperial Blue acquisition completed in December 2025 for Rs. 3,442 crore. However, profit after tax dropped significantly to Rs. 2,087 lakh from Rs. 22,959 lakh due to exceptional items including Rs. 2,201 crore acquisition-related costs and Rs. 119 crore for new labour codes. The Board recommended a dividend of Rs. 1 per share (10%) for shareholder approval. Key re-appointments include Mr. Amit Dahanukar as CMD (3 years from Nov 2026) and Ms. Swapna Shah as Non-Executive Director (1 year from June 2026). The company also approved a wholly-owned subsidiary in Nigeria to manufacture and sell Imperial Blue (investment up to Rs. 30 crore) and a scheme to amalgamate two subsidiaries (Punjabexpo Breweries and Vahni Distilleries) into Tilaknagar Industries. The statutory auditor issued a qualified opinion citing inadequate impairment assessment for an idle ENA plant. 303,050 ESOP shares were allotted, increasing paid-up capital to Rs. 2,474.74 million.
Revenue growth from Imperial Blue acquisition is strong but exceptional items significantly impacted profitability this year. The Nigeria expansion signals international growth ambitions. Continued management stability with no governance red flags from director re-appointments.